Dropbox is a great company that's under its value at the moment. Last two days we saw a great recover, and the stock has reached its previous breakdown point. A break above the level would signal a bear trap, and a breakdown will likely mean new accumulation phase at a lower market level. A solid trade here is to buy at the bottom of the white box, place stop loss below, and trade towards recent value at near 27.
Note
DBX to gap up tomorrow. This could be huge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.